$20,000 invested in these ASX shares 10 years ago is worth how much today?

Investing $20,000 into these ASX shares 10 years ago would have made you wealthy…

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I'm a big fan of buy and hold investing and believe it is the best way for investors to grow their wealth.

To demonstrate how successful it can be, I like to pick out a number of popular ASX shares to see how much a single $20,000 investment 10 years ago would be worth today.

With that in mind, here's how you would have fared if you had invested in these ASX shares 10 years ago:

Domino's Pizza Enterprises Ltd (ASX: DMP)

This pizza chain operator's shares have been strong performers over the last 10 years. This has been driven by the company's consistently solid sales and earnings growth which has been underpinned by like for like sales growth and the expansion of its store network at home and overseas. Over the last 10 years, Domino's shares have generated an average total return of 31% per annum. This would have turned a $20,000 investment into almost $300,000.

NEXTDC Ltd (ASX: NXT)

Another strong performer over the last decade has been this data centre operator. Thanks to strong demand for data centre services due to the ongoing shift to the cloud, NEXTDC has been growing its operating earnings at a solid rate. This has led to the company's shares delivering an average total return of 19% per annum over the period. This would have turned a $20,000 investment in its shares in 2012 into ~$115,000 today.

ResMed Inc. (ASX: RMD)

A final ASX share that has beaten the market since 2012 is ResMed. It has delivered consistently solid sales and earnings growth over the period thanks to its industry-leading solutions and the growing awareness and prevalence of sleep disorders. Over the last 10 years, ResMed's shares have provided investors with an average total return of 29.5% per annum. This means that an investment of $20,000 into its shares would have grown to be worth ~$265,000 today.

Motley Fool contributor James Mickleboro owns NEXTDC Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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